Mar 22, 2018 Last Updated 10:48 AM, Mar 21, 2018

New Entry From the Editor :

Glencore acquires $1.7 billion Hail Creek coal mine as rivals exit the industry

Glencore acquires $1.7 billion…

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TPG Telecom H1 profit dips 11% to under $200 million

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AusBN - Telecommunications firm TPG Telecom has posted a first-half net pro...

Australian junior Raiden Resources strikes momentous deal with Rio Tinto

Australian junior Raiden Resou…

AusBN - Raiden Resources (ASX:RDN) will enter a joint venture with Rio Tint...

90 companies to battle for SA mega-battery

solar powerplantAusBNAusBN - The government of South Australia has revealed that a host of international companies are competing to install Australia’s largest grid scale battery.

Up to 90 firms from 10 countries, including Tesla Inc (NASDAQ:TSLA), have expressed an interest in setting up the battery which will have around 100MW of capacity to store wind and solar energy.

The mega-battery will go a long way to addressing the issue of stabilising the national grid at peak times, which often tend to be when the sun and wind are low.

Elon Musk, business magnate and chief executive officer of Tesla, was first to register interest in the project, saying his renewable energy firm could supply the battery storage at US$250 per kilowatt hour.

"Tesla's interest and enthusiasm in this goes beyond just the Australian market. It is proving a concept and providing a solution," said Gero Farrugio, managing director of renewables consultancy Sustainable Energy Research Analytics.

The energy storage project will strengthen the renewable energy sector in the state and justify the government's investment in renewables, if successful.


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